Board Resolution For Share Subscription Agreement

September 13, 2021

This document assumes that the directors sign a written decision instead of holding a meeting of the board of directors. Therefore, the decision of the directors must be signed by all the directors of the company. Directors who sign the decision must also sign a director`s certificate in accordance with section 47 of the Companies Act, 1993 (the form of this certificate follows the directors` decision set out in this document). If the issue of shares is approved by unanimous decision of the shareholders, use our decision to issue the shareholders. The company must inform the Registrar of Companies of the issue of shares within 10 working days of the issuance of the shares. This can be done online via the website of the Bureau des entreprises. FURTHER DECIDED THAT MR. / Frau [•] [name and designation of authorized person] of the company, are and are authorized to perform the SPA on behalf of the company, including the signing of commitments, declarations, agreements and other documents that the company must sign within the meaning of the SPA, and to do all the acts, acts and things necessary to implement the same. “A share subscription agreement is an agreement between a company and investors to sell shares at a fixed price to investors. This is done simply by offering new shares to investors who will become shareholders of the company at the end of the transaction. If a company wishes to raise capital, it can do so by issuing shares that can be acquired by private placement or public offering. This document is intended for use when an issue of shares is approved by the directors instead of making a unanimous decision of the shareholders.

“DECIDED: that, in accordance with the provisions of section 179 (3) (e) and all other applicable provisions of the Companies Act, 2013, in conjunction with the 2013 rules (including any legislative amendments or their refixation), and subject to the limits provided for in section 186, in conjunction with the company rules (meetings of the board of directors and its powers) of 2014 and the provisions of the articles of association of the companies The agreement of the Board of Directors of the Company is and is hereby granted, an amount of Rs. [•] for the purchase of [•] own funds/preferred shares of [•] Limited [•][name of the transferring company], of a [public/private] company to invest in CIN [•]; The document describes the parties to the transaction, the description of the shares put up for sale, the purchase price (consideration), the guarantees and assurances of the parties, the requirements before and after completion, etc. After the date of its establishment, the company must take steps to ensure that the investor`s name is entered in the register of company members (if the investor is not already a member of the company). . . .